Gas Could Rise To $10 A Gallon!

Think gas prices are bad right now? A couple of analytical enery industry trackers predict that prices will rise to $10 a gallon in the next 2-3 years! The news broke yesterday in the New York Sun. It seems impossible, but you can’t dispute the facts.

In early 2007, oil was trading at about $50 a barrel. On Friday, it closed at $118.52! Experts believe that this price could rise to $200-250 in the near future, due to shrinking supply and increasing demand, especially from China, India, and America.

10 years ago, I was paying $0.92/gallon for premium unleaded. Today, I’m paying $3.65/gallon for premium. Back then, gas mileage wasn’t a concern, but with rising gas prices, fuel economy is all the rage. Filling up the H2 costs well over $100 now! My daily driver (a Porsche Boxster) gets a dismal 16.8mpg around town, and costs almost $50 to fill up..

One of the biggest mistakes I made was getting my deposit back on the Smart Fortwo. I had placed a deposit on the car when it was first announced, and planned on using the car as a promotional vehicle for my business. But after thinking it over, I decided against it. Now, these cars are going for a HUGE premium on eBay, go figure..

And then I came across the Smart Diablo – Now all bets are off! 😀

Sure, the car’s COMPLETELY impractical now (you lose the passenger seat in the conversion), but tell me that doesn’t look like fun!!

Until then, I’m on the hunt for a Mini Cooper S to replace my Boxster..